Loading ...about the same lately regardless of spot price, it seems. $19.00 today with spot around $17.00; two dollar premium. What happened to that, what was it, some number of cents above spot that someone (macroman3, I think) pointed out a couple of weeks ago? Yes, I know; they’re selling for what they want/need to sell for, regardless of the paper price. Same with dealers, I’m sure. If spot happens to be close, low premium. If recent diversion, no bearing on selling price (although they’ll be happy to sell higher if spot price just jumped, of course). Tough game. Preaching to the choir, here, but it feels good to bitch. 🙂
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